Emirates NBD Partners with CCRManager to Strengthen Trade Finance Capabilities

Emirates NBD Partners with CCRManager to Strengthen Trade Finance Capabilities
16 May 2018 -
  • Emirates NBD Partners with CCRManager to Strengthen Trade Finance Capabilities
    Emirates NBD Partners with CCRManager to Strengthen Trade Finance Capabilities Emirates NBD Partners with CCRManager to Strengthen Trade Finance Capabilities

Emirates NBD, a leading bank in the region today announced that it has signed up with the rapidly growing community of participants on CCRManager, a fintech platform supporting the source and circulation of trade assets. This news is aligned to Emirates NBD's digital method as the bank remains to lead innovation in digital banking in the region and actively take part in the fintech ecosystem.

Introduced in 2017, CCRManager is a digital trade finance platform that attaches different Financial institutions and Financial Institutions to stem and disperse trade assets. Counting nearly 40 global financial institutions members across 17 nations, the web-based platform was established collaboratively with leading trade financing organizations around the world and will certainly enable banks in the center East to manage their funding, credit, and liquidity needs more effectively.

Sumit Aggarwal, EVP and Head of Transaction Banking, Emirates NBD said, "We remain to utilize digital banking options and delight in to be the initial bank in the region to sign up with CCRManager. This will enhance our one-upmanship and enhance the bank's source and distribution capabilities. Partnering with global fintech enterprises such as CCRManager allows us to supply a unique suggestion to customers to sustain their trade flows across different geograhies and get easier accessibility to liquidity. I eagerly anticipate doing much more with the community on CCRManager."

Emirates NBD currently has presence across key international trade corridors from the Middle East and North Africa (UAE, Egypt and KSA) across to Asia (Singapore, China, Indonesia and India) and the UK (London).

Tan Kah Chye, Executive Chairman and Founder of CCRManager stated, "We are delighted by the confidence that Emirates NBD has placed in CCRManager. The bank has been acknowledged internationally for its leadership in fostering innovation. This is likewise in our DNA and we eagerly anticipate working closely with Emirates NBD and other banks in the region to rapidly establish and introduce brand-new abilities that will provide true worth."